The National Bank of Moldova aims to carry out an all-inclusive inspection at the banks that work in the Republic of Moldova, the Bank’s governor Sergiu Cioclea announced in a news conference on February 1, IPN reports.
“We will verify the shareholders and the quality of assets. We will also check if the banks obey the prudence norms set down by the legislation,” Cioclea stated when asked by journalists to explain what all-inclusive inspection means. The governor said that if minor violations are identified, the banks will have to work out remedying plans. If the violations are big, they will be penalized.
As regards the recovery of the money stolen from the banking system, Sergiu Cioclea said Kroll will present a strategy to this effect by the end of February. “It’s good that we will have a recovery strategy. We will cooperate with responsible institutions of the countries to which the money was allegedly transferred,” he stated.
According to the Ministry of Finance, over 698 million lei has been earned so far from selling the assets of the three banks that are under liquidation, from writs and the liquidation procedure.
